Iran Sets Conditions for Opening Strait of Hormuz Amid Ongoing Tensions with the US
Iran Ready To Open Hormuz, But Sets 3 Conditions For The US
Times Now NewsImage: Times Now News
Iran has expressed readiness to open the Strait of Hormuz, contingent upon the United States lifting its naval blockade, returning $15 billion in frozen funds, and removing longstanding sanctions. The Iranian deputy foreign minister emphasized the need for fair compensation for transit services and highlighted ongoing nuclear discussions.
- 01Iran demands the US lift its naval blockade and sanctions as conditions for reopening the Strait of Hormuz.
- 02Iran's deputy foreign minister stated that a service charge for transit through the strait will be established.
- 03Discussions on nuclear weapons and uranium enrichment are ongoing, with Iran asserting its rights under the Treaty on the Non-Proliferation of Nuclear Weapons.
- 04Iran welcomes diplomatic initiatives from countries like Pakistan and India to foster peace in the region.
- 05The Iranian minister warned of significant global consequences if conflict resumes between the US and Iran.
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Iran has announced its willingness to open the Strait of Hormuz, a critical maritime passage, but has set three conditions for the United States: lifting the naval blockade of Iranian ports, returning approximately $15 billion in frozen assets, and removing longstanding sanctions. Kazem Gharibabadi, Iran's deputy foreign minister, stated that while Iran is not part of the United Nations Convention on the Law of the Sea (UNCLOS), it is prepared to impose a service charge for transit through the strait, which will be determined transparently by experts. He emphasized that this charge would not apply to countries that have attacked Iran. Gharibabadi also addressed nuclear issues, asserting Iran's right to enrich uranium and questioning the rationale behind transferring uranium to the US. He noted that Iran's decision to enrich uranium to 60 percent was a response to perceived threats against its nuclear program. Additionally, he expressed openness to diplomatic efforts from countries like Pakistan and India, particularly regarding cooperation on the Chabahar port project, which links India to Central Asia. Gharibabadi warned that renewed conflict would have serious global repercussions.
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The reopening of the Strait of Hormuz could stabilize global oil markets and improve trade routes, affecting economies reliant on oil imports and exports.
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